3 ms·

"Savvy investing or hard work" So, you are up for some kind of strong inheritance tax to ensure that people have to work hard or invest savvily rather than jus

"Savvy investing or hard work" So, you are up for some kind of strong inheritance tax to ensure that people have to work hard or invest savvily rather than just inherit money from their family. 'Cos, you know, inherited money is neither gotten "according to their work" or "earned", but rather received purely on the basis of random genetics.

horsehead 14y ago
So is the fact that you have a home as a child. I don't see that your argument holds water. The fact that you live where you live is pure genetics as well. Why don't you ship your money to starving ethiopians? If you're going to argue that, then you have to be willing to give up what you have too. If you're going to talk about the 1% in America, you have to talk about the USA as the 1%, because, let's face it -- if you live in the US, you've got a hell of a chance of being better off than most of the world.
- SideburnsOfDoom 14y ago
  > Why don't you ship your money to starving ethiopians? We do, actually. http://www.voanews.com/content/ethiopia-is-top-uk-aid-recipient-117204413/157544.html http://www.voanews.com/content/ethiopia-is-top-uk-aid-recipi... Also, you posed a false dichotomy "Whether you got your money through savvy investing or hard work" and when you were called out on this by having other options for people's money sources pointed out, said that you "don't see" and changed the subject to something emotionally charged.
- elemenohpee 14y ago
  > So is the fact that you have a home as a child. Now you're getting it. Educational opportunities, nutrition, etc. It is exactly these institutional inequalities which lead to the un-meritocratic wealth distributions which are causing such instability.
temphn 14y ago
Life insurance companies are the largest lobbies for increased death and inheritance taxes: http://www.forbes.com/sites/hanisarji/2010/12/01/life-insurance-industry-is-spending-millions-lobbying-for-the-estate-tax-afbfs-latest-issue-brief/ http://www.forbes.com/sites/hanisarji/2010/12/01/life-insura...
roel_v 14y ago
Everybody should be free to do with their money as they please. This includes that one should be free to give money to their children as they please. The side effect that this creates a bunch of children who are rich without having earned the money, doesn't take away from that.
- Klinky 14y ago
  If his concept was that people become wealthy because they were "successful" and exceeded the effort of others, thus they deserve to be wealthy then I absolutely think inheritance takes away from that concept.

horsehead 14y ago

So is the fact that you have a home as a child. I don't see that your argument holds water. The fact that you live where you live is pure genetics as well. Why don't you ship your money to starving ethiopians? If you're going to argue that, then you have to be willing to give up what you have too. If you're going to talk about the 1% in America, you have to talk about the USA as the 1%, because, let's face it -- if you live in the US, you've got a hell of a chance of being better off than most of the world.

SideburnsOfDoom 14y ago
> Why don't you ship your money to starving ethiopians? We do, actually. http://www.voanews.com/content/ethiopia-is-top-uk-aid-recipient-117204413/157544.html http://www.voanews.com/content/ethiopia-is-top-uk-aid-recipi... Also, you posed a false dichotomy "Whether you got your money through savvy investing or hard work" and when you were called out on this by having other options for people's money sources pointed out, said that you "don't see" and changed the subject to something emotionally charged.
elemenohpee 14y ago
> So is the fact that you have a home as a child. Now you're getting it. Educational opportunities, nutrition, etc. It is exactly these institutional inequalities which lead to the un-meritocratic wealth distributions which are causing such instability.

temphn 14y ago

Life insurance companies are the largest lobbies for increased death and inheritance taxes: http://www.forbes.com/sites/hanisarji/2010/12/01/life-insurance-industry-is-spending-millions-lobbying-for-the-estate-tax-afbfs-latest-issue-brief/ http://www.forbes.com/sites/hanisarji/2010/12/01/life-insura...

roel_v 14y ago

Everybody should be free to do with their money as they please. This includes that one should be free to give money to their children as they please. The side effect that this creates a bunch of children who are rich without having earned the money, doesn't take away from that.

Klinky 14y ago
If his concept was that people become wealthy because they were "successful" and exceeded the effort of others, thus they deserve to be wealthy then I absolutely think inheritance takes away from that concept.